Mason Street Advisors LLC purchased a new stake in Washington Federal Inc. (NASDAQ:WAFD) during the second quarter, Holdings Channel reports. The firm purchased 41,531 shares of the company’s stock, valued at approximately $1,008,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in Washington Federal by 5.2% in the first quarter. State Street Corp now owns 3,909,202 shares of the company’s stock worth $88,548,000 after buying an additional 194,894 shares in the last quarter. Investec Asset Management LTD raised its stake in Washington Federal by 16.4% in the first quarter. Investec Asset Management LTD now owns 2,052,930 shares of the company’s stock worth $46,499,000 after buying an additional 289,742 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Washington Federal by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 708,351 shares of the company’s stock worth $16,044,000 after buying an additional 25,809 shares in the last quarter. Norges Bank bought a new stake in shares of Washington Federal during the fourth quarter worth about $34,689,000. Finally, Renaissance Technologies LLC increased its stake in shares of Washington Federal by 135.4% in the first quarter. Renaissance Technologies LLC now owns 724,376 shares of the company’s stock worth $16,407,000 after buying an additional 416,600 shares during the last quarter. Institutional investors own 83.11% of the company’s stock.
Shares of Washington Federal Inc. (NASDAQ:WAFD) opened at 26.28 on Tuesday. Washington Federal Inc. has a one year low of $19.11 and a one year high of $27.10. The stock has a market cap of $2.38 billion, a P/E ratio of 15.01 and a beta of 1.12. The stock’s 50 day moving average is $26.18 and its 200-day moving average is $24.55.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Thursday, July 14th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Washington Federal had a return on equity of 8.49% and a net margin of 27.76%. On average, equities analysts forecast that Washington Federal Inc. will post $1.73 EPS for the current year.
Separately, Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, July 18th.
About Washington Federal
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally-insured national bank subsidiary, Washington Federal, National Association (the Bank). The Company’s principal activities consists of taking deposits from the public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family and other income producing properties, home equity loans and business loans.
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